Page:United States Statutes at Large Volume 114 Part 5.djvu/982

 114 STAT. 2996 PUBLIC LAW 106-569—DEC. 27, 2000 been, provided in appropriations Acts, without regard to the fiscal year for which such amounts were appropriated. " (B) LIMITATIONS ON COSTS OF GUARANTEES. —The authority of the Secretary to enter into commitments to guarantee loans under this section shall be effective for any fiscal year only to the extent that amounts in the Guarantee Fund are or have been made available in appropriations Acts to cover the costs (as that term is defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) of such loan guarantees for such fiscal year. Any amounts appropriated pursuant to this subparagraph shall remain available until expended. " (C) LIMITATION ON OUTSTANDING AGGREGATE PRIN- CIPAL AMOUNT.—Subject to the limitations in subparagraphs (A) and (B), the Secretary may enter into commitments to guarantee loans under this section for each of fiscal years 2001, 2002, 2003, 2004, and 2005 with an aggregate outstanding principal amount not exceeding $100,000,000 for each such fiscal year. "(6) LIABILITIES.— Al l l iabilities and obligations of the assets credited to the Guarantee Fund under paragraph (2)(A) shall be liabilities and obligations of the Guarantee Fund. " (7) AUTHORIZATION OF APPROPRIATIONS. — There are authorized to be appropriated to the Guarantee Fund to carry out this section such sums as may be necessary for each of fiscal years 2001, 2002, 2003, 2004, and 2005. " (k) REQUIREMENTS FOR STANDARD HOUSING. — Regulations. "(1) IN GENERAL.—The Secretary shall, by regulation, establish housing safety and quality standards to be applied for use under this section. "(2) STANDARDS.— The standards referred to in paragraph (1) shall— "(A) provide sufficient flexibility to permit the use of various designs and materials in housing acquired with loans guaranteed under this section; and "(B) require each dwelling unit in any housing acquired in the manner described in subparagraph (A) to— "(i) be decent, safe, sanitary, and modest in size and design; "(ii) conform with applicable general construction standards for the region in which the housing is located; "(iii) contain a plumbing system that— "(I) uses a properly installed system of piping; "(II) includes a kitchen sink and a partitional bathroom with lavatory, toilet, and bath or shower; and "(III) uses water supply, plumbing, and sewage disposal systems that conform to any minimum standards established by the applicable county or State; "(iv) contain an electrical system using wiring and equipment properly installed to safely supply electrical energy for adequate lighting and for operation of appliances that conforms to any appropriate county, State, or national code;

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